Rick Ross owes the IRS $5.7 million in unpaid tax, blames an incorrect filing



Rick Ross is in deep trouble with the taxman.

The "Hustlin'" rapper owes the Internal Revenue Service (IRS) some $5.7 million in back taxes, though his team is confident the matter will be settled shortly.

According to TMZ, which broke the story, Ross (aka William "Rick Ross" Roberts II) paid $5.7 million less than he should have from 2012 to 2014, a sum which breaks down to $4.6 million for 2012 and just over half a million in 2013 and 2014, respectively.

Ross has blamed an "incorrect filing" by a "prior accountant" for the multi-million dollar sum he owes.

'''

6 PHOTOS
Rick Ross
See Gallery
Rick Ross
LAS VEGAS, NV - SEPTEMBER 12: Rapper Rick Ross performs during the official weigh-in for WBC/WBA welterweight champion Floyd Mayweather Jr. and Marcos Maidana at the MGM Grand Garden Arena on September 12, 2014 in Las Vegas, Nevada. Mayweather Jr. will defend his titles against Maidana on September 13 in Las Vegas. (Photo by Ethan Miller/Getty Images)
NEW YORK, NY - NOVEMBER 12: Rick Ross attends 106 & Park at BET studio on November 12, 2014 in New York City. (Photo by Bennett Raglin/BET/Getty Images for BET)
NEW YORK, NY - OCTOBER 16: Rick Ross Pperforms at the Def Jam Recordings 30th Anniversary Concert at Barclays Center of Brooklyn on October 16, 2014 in New York City. (Photo by Mychal Watts/WireImage)
NEW YORK, NY - OCTOBER 16: Rick Ross performs during Def Jam Recordings 30th Anniversary Concert at Barclays Center of Brooklyn on October 16, 2014 in New York City. (Photo by Johnny Nunez/Getty Images)
LAS VEGAS, NV - SEPTEMBER 12: Rapper Rick Ross (R) performs during the official weigh-in for WBC/WBA welterweight champion Floyd Mayweather Jr. and Marcos Maidana at the MGM Grand Garden Arena on September 12, 2014 in Las Vegas, Nevada. Mayweather Jr. will defend his titles against Maidana on September 13 in Las Vegas. (Photo by Ethan Miller/Getty Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

The rapper's reps shared the below statement, "I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility. As artists we are blessed to be able to make money, but on the same note, are held accountable for our federal tax obligations just like everyone else. I am fully aware of my current dealings with the IRS. This issue arose from an incorrect filing by a prior accountant for the 2012 tax year."

He added, "My new team of accountants have corrected the prior filing, and as anyone who has dealt with the IRS understands, it is a process. We have already satisfied a large portion of these issues and I can assure you that we are working very closely with the IRS to bring a full resolution shortly and will continue moving forward in a positive direction."

The feds have issued a tax lien, according to the report, and the rapper faces jail time if he doesn't pay up.


Read Full Story

Sign up for Entertainment Insider by AOL to get the hottest pop culture news delivered straight to your inbox!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.